AB InBev sells Central European operations for as much as $3 billion to reduce debtOctober 15th, 2009 AB InBev sells Central European operations to CVCBRUSSELS — The world's biggest brewer AB InBev said Thursday it has agreed to sell its Central European operations to CVC Capital Partners in a transaction which could exceed $3 billion. Under the agreement announced Thursday, AB InBev will sell the brewing and distribution rights of brands like Stella Artois, Beck's and Leffe in nine countries in order to pay off debt.
InfoSpace names independent investor Braden Kelly to its board of directorsSeptember 21st, 2009 InfoSpace names new board memberBELLEVUE, Wash. — InfoSpace Inc.
Providence Equity Partners names Citigroup Chairman Parsons as a senior adviserSeptember 16th, 2009 Providence Equity names Parsons as senior adviserPROVIDENCE, R.I. — Providence Equity Partners Inc., owner of video Web site Hulu and Spanish-language television network Univision, said Wednesday that Citigroup Chairman Richard Parsons will serve as a senior adviser.
Cisco reappoints former Vodafone CEO Sarin to board of directorsSeptember 9th, 2009 Cisco reappoints former Vodafone CEO to boardSAN JOSE, Calif. — Networking equipment maker Cisco Systems Inc.
Macerich, private equity firm announce joint venture in Colo. mallSeptember 3rd, 2009 Macerich in joint venture in Colo. mallSANTA MONICA, Calif.
Features of private equity industry, which may acquire more failed banksAugust 25th, 2009 Features of private equity industryAs bank failures mount, regulators are looking more favorably on private equity investors that want to acquire failed institutions. The FDIC board, meeting in a public session Wednesday, is expected to ease restrictions proposed for private equity firms early last month, people familiar with the issue say.
Meritage Homes names private equity firm president Dana Bradford as a directorAugust 14th, 2009 Meritage Homes names Dana Bradford as a directorSCOTTSDALE, Ariz. — Homebuilder Meritage Homes Corp.
Apax Partners begins tender offer to acquire outstanding shares of BankrateJuly 29th, 2009 Apax Partners begins tender offer for BankrateNEW YORK — Private equity firm Apax Partners launched a cash tender offer at $28.50 a share Tuesday to acquire all outstanding shares of consumer finance Web site operator Bankrate Inc. The value of the proposed transaction, which was announced last week, is roughly $570.8 million, excluding transaction fees and expenses, according to the companies.
Continental CEO Kellner departing for private-equity firm, Jeff Smisek named as successorJuly 17th, 2009 Continental CEO Larry Kellner stepping downHOUSTON — Continental Airlines says CEO Larry Kellner is stepping down to go into the private-equity business and will be replaced by company president Jeff Smisek. Kellner has been chairman and CEO for the past five years.
Delphi defends sale to Platinum, says it has been open to buyers since entering bankruptcyJune 25th, 2009 Delphi defends asset sale to private-equity firmNEW YORK — Auto parts maker Delphi Corp. defended the sale of a portion of its assets to a private equity firm on Thursday, saying it has been open to other buyers since it first entered bankruptcy protection four years ago.
KKR & Co. withdraws IPO registration statement from SEC; seeks buyout of EuropeanJune 24th, 2009 KKR & Co. withdraws plans for IPO after 2 yearsNEW YORK — Private equity firm Kohlberg Kravis Roberts & Co. withdrew its two-year-old plans for an initial public offering on Wednesday.
Dubai port operator DP World talking with investment firm about possible minority stake saleMay 10th, 2009 Dubai's DP World in talks with private equity firmDUBAI, United Arab Emirates — Port operator DP World, one of Dubai's most global companies, said Sunday it is in talks to possibly sell a minority stake in itself to a Middle East private equity firm. A successful deal could provide a significant boost to DP World and its battered shares, which have tumbled more than 70 percent since they were floated in late 2007.
3 days after acquisition by private equity firm, San Diego Union-Tribune cuts 192 jobsMay 8th, 2009 San Diego Union-Tribune cuts 192 jobsSAN DIEGO — The San Diego Union-Tribune is cutting 192 jobs in another round of layoffs affecting all departments at the newspaper. The Union-Tribune said Thursday the layoffs amount to about 18 percent of its staff, which will be reduced to about 850 workers after the cuts become effective July 6.
Gujarat to get Rs.3,500-crore 'Education City'March 30th, 2009 AHMEDABAD - New Delhi-based infrastructure developer Anant Raj Industries will set up an 'Education City' at Mehsana, about 90 km from here, on an investment of Rs.3,500 crore, the company said Monday. The township project, which is to come up on 750 acres, will have universities, colleges and schools besides multiplexes, service apartments, hostels, auditoriums and hotels, company executive director Amit Sarin said in a statement.
India Equity Partners eyeing buyout of small firmsFebruary 8th, 2009 KOLKATA - Private equity firm India Equity Partners is in talks with cash-strapped business houses to buy out some of their smaller group companies, a top company official said here Monday. Co-founder and managing director Gaurav Mathur said several business, which are finding it increasingly difficult to raise funds for core operations, are now willing to sell off majority stake in some group companies.
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